How JUNO can help first-home buyers

Are you ready to buy your first home?

If you’re saving for your first home, high fees on your KiwiSaver account really reduce your
balance. At JUNO, we want to help you get into your first home faster - and our low fees can
help you do this.

You also might be eligible for the First Home Grant (previously called the HomeStart grant) or
a First Home Loan.

How low KiwiSaver fees can
help first-home buyers

When your money’s invested in KiwiSaver, you pay fees on your
account. These fees eat into your KiwiSaver balance, and will impact
how much money you have for your first home. JUNO has low fees,
because we want you to get the most from your KiwiSaver balance.

Check your KiwiSaver provider and find out how much you’re paying in
fees. It might be completely fair, or you may be getting ripped off.
Decide if you’re happy with what you’re getting in return. We also have
a simple fee structure so you know exactly what you’re paying each
month - no confusing percentages!

You'll pay less with JUNO

Enter your KiwiSaver balance

Please enter a value between $1000 and $500,000

JUNO Fees

Industry Average

Balance above $200,000?
Industry Average JUNO FeesKiwiSaver balance

Growth

Balanced

Conservative

This shows you the difference our low fees make to a range of balances in just one year. Investing for your retirement takes a lot longer, so imagine how big that fee difference becomes over 20, 30, 40 years or even longer. Plus, what’s not taken out of your balance in fees, stays in your retirement pot, reinvested month after month, year after year. The difference becomes even larger. If you want to know more about the magic of compounding, click here.

View Your Free Personalised Report

Inflation

Inflation measures the expected change over time, of the price of goods and services you want to buy.

A 2% inflation rate, like we use in this calculator, means something costing $100 today is expected to cost $102 next year, just over $104 the following year and so on.

It matters because if the cost of what you want to buy grows faster than your investment, the ‘purchasing power’ of your investment is shrinking. You want the ‘purchasing power’ of your money to at least keep pace with, and ideally beat, the rate of inflation.

What's the right fund for first-home buyers

The type of fund your KiwiSaver money should be in depends on when you plan to use your money, and if you’re comfortable with investing.

Under five years
At JUNO, we say that if you think you’ll need your money in under five years, then a Conservative fund could be a good choice for you. Being in this lower-risk fund can help reduce the impact of market ups and downs, and help preserve your capital, with some growth.

More than five years
If you plan on using your money in about five years or more, then a riskier fund might suit you.

Being in a growth fund can mean higher returns on your KiwiSaver money, but it comes with higher risk. If you’re happy with risk when you’re
investing, or perhaps you don’t need your money for 10 years or more, this might be right for you.
But if you’re more of a nervous or conservative investor, or you want to use the money closer to five years, a balanced fund might be better.

After you buy
If you take out all your KiwiSaver money for your first home, you will be now saving for your retirement. It’s likely you’ll be invested for say, 30 or
more years, so a growth fund will probably suit you best.

JUNO has no fees on balances under $5,000, so if you’ve used all your money for your first home, JUNO could be a great choice to help grow
your balance back again.

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Managed by

Pie Funds Management Limited (Pie Funds) is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for the Product Disclosure Statement. Before investing, we recommend you obtain personalised financial advice. Past performance is not an indicator for future returns.